The Parallel Parliament

Glen Pearson

Posts tagged “debt

A Decade of Doubt

Posted on September 21, 2018

Confusion.  Confusion everywhere.  Confusion in the House itself and in Question Period.  Confusion in caucus meetings.  Confusion in the various committees.  Confusion at events.  Confusion when socializing with other MPs.  Confusion in calls home to spouses and children.  Confusion from the top leadership levels to the lowliest backbencher. Confusion among economists. Confusion among bureaucrats. Confusion in the media and among citizens.  Again, confusion everywhere. A decade ago I was sitting in Parliament – one of slightly over 300 MPs trying to figure out what just hit us.  Had the American stock market crashed?  Was Wall Street doing anything?  What about Canadian securities?  Is this going global or confined to America? It didn’t take long to understand that the Great Recession of 2008 was upon us and, like…

Poverty’s Great Unknown – Facets of Us

Posted on February 19, 2015

IN SPEAKING FREQUENTLY EACH WEEK, it’s becoming clear that more and more groups are broaching the subject of poverty and what might be done about it. They have become aware that the London Food Bank is attempting to develop a new model in which people can be treated with greater dignity, offered more personal choice, and achieve success at avoiding the problems of “poverty stigmatism.” In an interview yesterday I was asked why the food bank doesn’t just close its doors and get on with the delivering a new way of doing things. The answer to that question is actually fairly simple: communities are complex organisms and if any change is to prove successful, then citizens, organizations, and food bank users themselves must be brought…


Posted on May 1, 2013

“An economist,” Laurence Peter says, “is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.”  He was the famous inventor of the Peter Principle – the belief that once a labourer rises to a position over his head, he will become incompetent.  Many of our modern day economists have been around a while, long enough for us to begin to question the present direction of modern capitalism, our financial markets, and the need for political systems to depend increasingly on economic growth for their validity. For a long time the belief that each successive generation can be more prosperous than the last has driven much of the policy and financial apparatus in everything from interest rates to social…


Posted on October 28, 2011

Take a good look at this picture – a throwback to an earlier time that was great for those in the photo and not so good for their subjects. There’s Gadaffi in his early years as the new ruler of Libya. To his very left sits Abdel Nasser of Egypt, then Abdul Rahman of Yemen, and to the very right King Faisal of Saudi Arabia. These were the glory days, with Gadaffi’s youth and vigour standing in clear contrast to the brutal pictures we have seen this week of his last few minutes of life. Back then it seemed as if power was a permanent thing, to be passed on to handpicked successors when the fullness of time had come. It was not to…


Posted on April 3, 2011

The big question: “Why are we wasting 400 million dollars on an election campaign nobody needs?” A valid query, except that’s it’s about 100 million dollars off the mark. Two years ago, in an election campaign called by Stephen Harper against his own election law (every four years), the PM continually maintained that the price was $300 million. Now that he’s in an election campaign with his government found in contempt of Parliament, he and his ministers keep saying the price has gone up by a $100 million in two years. They’re fibbing by a fair margin. According the Globe and Mail yesterday, Elections Canada estimates that this election will be $300 million. But that still doesn’t answer the question: Why do it? Many…